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What is the compression bit rate?

Question:

What is the compression bit rate?

Answer:

Used in the digital environment to describe initial digital quantization employing transforms and algorithms encoding data into a representation that requires fewer bits or lower data rates or processing of an existing digital bit stream to convey the intended information in fewer bits or lower data rate. Compression (bit rate) may be reversible compression, lossless or it may be irreversible compression, lossy.